Stanbic IBTC Grows Profit by 69% as Impairment Charges Ease

Stanbic IBTC Grows Profit by 69% as Impairment Charges Ease

Stanbic IBTC Holdings Plc grew profit by 69% year on year to N380.796 billion in 2025, details from the group’s unaudited financial statement releases on Tuesday showed.

The improved bottom line performance was bolstered by a sizeable interest income surge amidst expanded loan book, and significantly lower impairment charges on expected credit losses. 

Details from its 2025 results revealed that net interest income accelerated 43% year on year to N585 billion from N410.451 billion in 2024. Its profit was also supported by growth in non-interest income.

Stanbic report indicates that non-interest income surged to N310.716 billion in 2025, from N236.393 billion 12 months earlier, backed by higher net fee and commission income.

The group’s total income for 2025 was 38% higher year on year, settling at N895.724 billion from N646.844 billion in the previous year.

Reflecting strong asset quality, net impairment charges nosedived by 86% over the 12 months to N14.220 billion, from N99.359 billion.

Settling at N55.757 billion at the end of 2025, Stanbic IBTC’s pretax profit was 82% higher than N303.796 billion posted in 2024.

Net income for the period printed at N380.796 billion, up 69% year on year from N225.311 billion reported in the previous 12 months.    First Holdco Profit Sinks by 93% after Forbearance Withdrawal